The US on a seasonally adjusted basis, down from the previous week’s revised total of 237,000. This marked the lowest level of jobless claims in seven months, indicating a potential improvement in the labor market. The Federal Reserve is closely monitoring the job market as it assesses the need for interest rate adjustments. Traders are now pricing in a higher chance of the Fed maintaining rates at its December meeting. The market is also awaiting news on Donald Trump’s Treasury secretary pick, which could impact economic prospects. Overall, the stock market experienced volatility on Thursday, with tech stocks like Nvidia and Alphabet leading the way in terms of price movements. Meanwhile, bitcoin continued its climb towards $100,000, buoyed by speculation of crypto-friendly policies under the incoming Trump administration.